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LIFETIME FEDERAL CREDIT UNION

Jun, 30, 2021 — LIFETIME FEDERAL CREDIT UNION is a federal credit union headquartered in RICHARDSON, TX with 2 branch locations and about $53.62 million in total assets. Opened 72 years ago in 1949, LIFETIME FEDERAL CREDIT UNION has about 5,148 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 311078938
Name:LIFETIME FEDERAL CREDIT UNION
Address:
(Main Office)
P.O. BOX 833937
RICHARDSON, TX 75083
Phone:(972) 766-6732
Fax:(972) 766-8416
Website:http://lifetimefcu.org
Branches:2 branch locations
Members:5,148
Credit Union Type:Federal Credit Union
Charter Number:6012
Membership Type:Multiple common bond - Primarily finance, insurance, real estate, trade
Corporate Credit Union:No
Year Opened:1949
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$53,615,007
CEO/Manager:Darryl Trammell
Chairperson:Bryant Phipps

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,662,889
TOTAL INVESTMENTS 21,791,151
Loans Held for Sale 0
 
 Real Estate Loans 5,027,261
 Unsecured Loans 7,183,736
 Other Loans 12,508,320
 TOTAL LOANS 24,719,317
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -289,625
 Land And Building 0
 Other Fixed Assets 46,407
 NCUSIF Deposit 402,776
 All Other Assets 282,092
  TOTAL ASSETS 53,615,007
LIABILITIES & CAPITAL:  
 Dividends Payable 20,524
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 213,566
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 3,713,243
 Regular shares 27,738,814
 All Other Shares & Deposits 12,019,919
  TOTAL SHARES & DEPOSITS 43,471,976
  TOTAL LIABILITIES 43,706,066
 Regular Reserve 210,536
 Other Reserves 1,949,074
 Undivided Earnings 7,749,331
  TOTAL EQUITY 9,908,941
  TOTAL LIABILITIES, SHARES, & EQUITY 53,615,007
INCOME & EXPENSE  
 Loan Income 755,247
 Investment Income 83,547
 Other Income 182,191
 Total Employee Compensation & Benefits 445,480
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 413,521
 Non-operating Income & (Expense) 53,855
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 147,371
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 205,830
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